Virtual Brokers' client centric culture of innovation is proud to deliver "The Penny" commission, an unbeatable new commission structure, and two new online investing products to Canadians.
TORONTO, Nov. 13, 2013 /CNW/ - Today Virtual Brokers announced the introduction of "The Penny" commission structure which allows clients to trade stocks for as low as one penny per trade. "Our goal is to deliver the lowest online trading commission and most innovative product line and yet to remain profitable. We have achieved this by developing our own proprietary clearing software and becoming self-clearing. We are also proud to have all of our administrative functions in Canada compared to some of our competitors who have moved these functions abroad." said Bardya Ziaian, founder and CEO of Virtual Brokers and BBS Securities Inc.
Virtual Brokers is also launching two new products designed to support saving and investing for Canadians:
The "Kick Start Investment Program" (KIP) is a revolutionary concept in online investing that helps support young Canadians to invest and generate savings. KIP is an automated purchase plan that does not incur any trading fees and will help bring discipline to young investors interested in maximizing their wealth.
Canada's first Self-Directed Dividend Purchase Plan (Self-Directed DPP) is an innovative plan that is different from traditional DRIP plans, as this flexible plan allows clients to redirect their dividends to other eligible stocks or ETFs with flexible purchase intervals.
About BBS Securities Inc. ("BBS") and Virtual Brokers ("VB"):
Founded in 2008, BBS and VB have completely revolutionized the online trading brokerage environment. They consistently introduce new products, ultra-low cost pricing, and trading platforms that offer a high level, reliable trading experience. The company offers a wide range of products designed to help their clients succeed. Virtual Brokers ("VB") is a division of BBS Securities Inc. ("BBS"). BBS is Canadian-owned and operated, and is registered in all provinces and territories of Canada as an Investment Dealer. BBS is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). BBS is also a participant of the Toronto Stock Exchange (TSX), the TSX Venture Exchange (TSX-V), the Canadian National Stock Exchange (CNSX), Alpha, Pure, Chi-X, and Omega. VB specializes in providing outstanding trade execution services to investors, traders and fund managers who demand excellence. Powered with innovative technologies and deep understanding of financial markets, VB provides superior products and services to all of its clients.
SOURCE: Virtual Brokers
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